when they are talking about the deficit or surplus they are usually only talking about the current account. The balance of payments will balance because the other accounts in it (Capital, financial and erros and ommissions) will account for the other parts eg if current account has defiecit of 100m the capital, financial and erros and ommisions will have a surplus of 100m
If a given nation or other economic unit exports more than it imports, it will accumulate money, which will constitute a trade surplus.
advantages of balance of payment
advantages of balance of payment
It does have a surplus in balance of payments because BOP is calculated by exports minus imports
when they are talking about the deficit or surplus they are usually only talking about the current account. The balance of payments will balance because the other accounts in it (Capital, financial and erros and ommissions) will account for the other parts eg if current account has defiecit of 100m the capital, financial and erros and ommisions will have a surplus of 100m
If a given nation or other economic unit exports more than it imports, it will accumulate money, which will constitute a trade surplus.
advantages of balance of payment
advantages of balance of payment
It has a balance of payments deficit.
It does have a surplus in balance of payments because BOP is calculated by exports minus imports
India's balance of payment since 1991
International Balance of Payments
It does have a surplus in balance of payments because BOP is calculated by exports minus imports
The Meaning is Enormous or surplus
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